Tidbits, Argentine & Brazilian Exports, Cattle on Feed, Call Option Spread 5/23/26

Wright team
1 day ago
4 min read

Tidbits

Flash sale: Yesterday morning, the USDA announced the sale of:

225,000 mts of old crop corn and 268,700 mts of new crop corn to Mexico
50,000 mts of old crop corn and 60,000 mts of new crop corn to unknown
117,000 mts of old crop soybean cake and 135,000 mts of new crop cake and meal to unknown

The S&P 500 gained 0.4% this week, extending its winning streak to eight consecutive weeks, the longest since December 2023, while the Dow Jones added 294 points to reach an intraday record high, making a gain for the s third of the past four weeks. The Nasdaq rose 0.2%, securing its seventh weekly advance in eight weeks.

Cattle on Feed count was reported yesterday (as % of a year ago):

On Feed at 101.8%, with 101.6% expected;

Placements at 105.5%, with 103.4% expected;

Fed Marketings at 90%, with 90.7% expected.